KeyBanc Capital Markets raised the price target for the Asana Inc. (NYSE:ASAN) stock from “a Sector weight” to “an Overweight”. The rating was released on May 21, 2021. The research report from Robert W. Baird has initiated the stock to Outperform, with a price target set at $40. The stock was resumed by Credit Suisse, who disclosed in a research note on January 15, 2021, to Neutral and set the price objective to $32. In their research brief published December 02, 2020, Piper Sandler analysts upgraded the Asana Inc. stock from Neutral to Overweight with a price target of $33.
Historical Earnings Surprises and Revenue Forecasts
Profit is the most critical financial performance measure. Every investor in a business is looking forward to the earnings report as stock price to increase when earnings exceed market expectations and progressively decrease when earnings do not meet expectations. The firm reported an earnings per share (EPS) of -$0.22 during the last quarter as opposed to a consensus estimate of -$0.26, which indicates the company beat its estimate by $0.04, which implies that the company surprised the market by 15.40%. It appears that the average earnings per share estimate for the current quarter (ending in Apr 2021) is -$0.27. This is an average of 9 analysts’ earnings, where the high earnings per share estimate is -$0.26 and the low earnings per share estimate is -$0.27. According to 9 analyst estimates, an average revenue estimate of $70.14M is projected for the current quarter with a high revenue estimate of $70.36M and a low estimate of $70M.
The latest trade, Performances and Moving Averages give us the following Picture
The share price of Asana Inc. (NYSE:ASAN) raised 4.78% to close Friday’s market session at $34.63, higher as compared to yesterday’s close. The stock price fluctuated between $33.25 and $35.59 throughout the trading session with the volume trading being 2162514 shares, which represented a significant variation when compared to the three months average volume of 1.24 million shares. The firm’s stock price fluctuated 17.75% within the last five trades and 7.78% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 52.42% in the last 6 months and -10.10% was subtracted to its value over the previous 3 months. ASAN stock is trading at a margin of 11.22%, 10.64% and 14.10% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, ASAN deals in the Technology domain. The stock is trading -20.79 percent below its 52-week high and 68.35 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 25.47. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Asana Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at -77.30 percent and the profit margin is -93.30 percent, and the company has reported a gross margin of 87.30 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $5.40 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 23.80 that mirrors the cost to be found for sales by the market.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 3.40 percent of Asana Inc. shares are owned by insiders, and 56.60 percent are held by financial institutions. Farinacci Chris, the Chief Operating Officer at Asana Inc. (ASAN) has sold 26,072 shares of firm on May 03 at a price of $32.49 against the total amount of $0.85 million. In another inside trade, Farinacci Chris, Chief Operating Officer of Asana Inc. (NYSE:ASAN) sold 26,072 shares of the firm on Apr 01 for a total worth of $0.77 million at a price of $29.50. An inside trade which took place on Mar 15, GC, Corporate Secretary of Asana Inc. LACEY ELEANOR B sold 21,500 shares of firm against total price of $0.71 million at the cost of $32.84 per share.